Reading Time: 2 minutes Istanbul-based Turkish Airlines reported a nine-month 2016 net loss of $463 million, reversed from a net profit of $877 million in the year-ago period. According to the report, revenues for the nine-month period decreased 6.1% to $7.6 billion; operating loss for the period was $154 million, reversed from an operating profit of $894 million last […]

Reading Time: 2 minutes Pegasus Airlines has announced its financial results for the first half of 2016 and its traffic results for January to July 2016. In the first six months of this year Pegasus’ sales revenue has risen by 5% year-on-year to reach 1.489 billion; whilst the airline has recorded an EBITDAR (profit before tax, interest, amortization and […]

Reading Time: 2 minutes Air Canada reported a C$100 million ($77.5 million) net profit for the first quarter of 2016, reversing its C$309 million net loss in 1Q 2015. “Despite somewhat unsettled economic times in Canadian resource markets, a very competitive domestic pricing environment and a continued weak Canadian dollar, we were able to increase our revenue base … […]